OneMedNet (NASDAQ:ONMD) Trading Down 8.8% – Time to Sell?

OneMedNet Corporation (NASDAQ:ONMD) shares traded down 8.8% during trading on Tuesday . The company traded as low as $0.33 and last traded at $0.35. 150,525 shares traded hands during trading, a decline of 38% from the average session volume of 242,286 shares. The stock had previously closed at $0.39.

OneMedNet Trading Down 8.8%

The business has a fifty day simple moving average of $0.42 and a 200 day simple moving average of $0.77. The stock has a market capitalization of $10.79 million, a P/E ratio of -1.07 and a beta of 0.76.

OneMedNet (NASDAQ:ONMD) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.07) EPS for the quarter. The business had revenue of $0.14 million during the quarter.

Institutional Trading of OneMedNet

An institutional investor recently raised its position in OneMedNet stock. Virtu Financial LLC grew its stake in shares of OneMedNet Corporation (NASDAQ:ONMD) by 160.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,389 shares of the company’s stock after purchasing an additional 19,938 shares during the period. Virtu Financial LLC owned about 0.12% of OneMedNet worth $44,000 as of its most recent filing with the SEC. 0.95% of the stock is owned by institutional investors and hedge funds.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences.